Analysts Expect Zayo Group Holdings Inc (ZAYO) Will Announce Quarterly Sales of $641.12 Million

Wall Street brokerages expect Zayo Group Holdings Inc (NYSE:ZAYO) to announce sales of $641.12 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Zayo Group’s earnings. The highest sales estimate is $647.65 million and the lowest is $637.07 million. Zayo Group posted sales of $649.40 million during the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Zayo Group will report full-year sales of $2.56 billion for the current financial year, with estimates ranging from $2.55 billion to $2.59 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.61 billion, with estimates ranging from $2.54 billion to $2.69 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Zayo Group.

Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Thursday, February 7th. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The company had revenue of $639.10 million during the quarter, compared to analysts’ expectations of $641.73 million. Zayo Group had a return on equity of 8.29% and a net margin of 4.62%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Zayo Group from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Craig Hallum assumed coverage on Zayo Group in a report on Wednesday, January 23rd. They issued a “buy” rating and a $45.00 price objective on the stock. ValuEngine downgraded Zayo Group from a “hold” rating to a “sell” rating in a report on Monday, February 4th. JPMorgan Chase & Co. upgraded Zayo Group from a “neutral” rating to an “overweight” rating and set a $25.48 price objective on the stock in a report on Wednesday, November 28th. Finally, Deutsche Bank lifted their price objective on Zayo Group from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Zayo Group currently has an average rating of “Buy” and an average price target of $35.32.

In related news, CTO John F. Jr. Waters sold 5,548 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total value of $134,039.68. Following the sale, the chief technology officer now directly owns 87,309 shares of the company’s stock, valued at $2,109,385.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matt Steinfort sold 6,142 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $24.16, for a total value of $148,390.72. Following the completion of the sale, the chief financial officer now directly owns 22,896 shares in the company, valued at $553,167.36. The disclosure for this sale can be found here. Insiders sold 16,144 shares of company stock worth $390,039 over the last three months. 4.50% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new stake in Zayo Group during the 4th quarter valued at approximately $29,000. Ffcm LLC boosted its position in Zayo Group by 104.3% during the 4th quarter. Ffcm LLC now owns 2,832 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,446 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in shares of Zayo Group in the 3rd quarter worth approximately $115,000. American International Group Inc. boosted its position in shares of Zayo Group by 14.1% in the 4th quarter. American International Group Inc. now owns 5,484 shares of the technology company’s stock worth $125,000 after purchasing an additional 676 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Zayo Group in the 4th quarter worth approximately $173,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of ZAYO traded down $0.36 during trading hours on Friday, hitting $27.89. The company had a trading volume of 4,843,652 shares, compared to its average volume of 5,456,097. The company has a market cap of $6.64 billion, a P/E ratio of 45.72, a P/E/G ratio of 9.79 and a beta of 0.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 5.13. Zayo Group has a 52-week low of $20.27 and a 52-week high of $39.66.

Zayo Group Company Profile

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Earnings History and Estimates for Zayo Group (NYSE:ZAYO)

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